0QYR Stock | | | 1,479 57.00 3.71% |
Panasonic Corp financial indicator trend analysis is much more than just breaking down Panasonic Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Panasonic Corp is a good investment. Please check the relationship between Panasonic Corp Total Liab and its Cash accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Panasonic Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Liab vs Cash
Total Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Panasonic Corp Total Liab account and
Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Panasonic Corp's Total Liab and Cash is 0.36. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Panasonic Corp, assuming nothing else is changed. The correlation between historical values of Panasonic Corp's Total Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Panasonic Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Liab i.e., Panasonic Corp's Total Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Cash
Cash refers to the most liquid asset of Panasonic Corp, which is listed under current asset account on Panasonic Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Panasonic Corp customers. The amounts must be unrestricted with restricted cash listed in a different Panasonic Corp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Panasonic Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Panasonic Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Panasonic Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 75.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.9
T in 2024.
Panasonic Corp fundamental ratios Correlations
Click cells to compare fundamentals
Panasonic Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Panasonic Corp fundamental ratios Accounts
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